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SEC Filings

10-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-K on 02/22/2016
Entire Document
 
Notes to Consolidated Financial Statements – (continued)
(Amounts in Millions, Except Per Share Amounts)

related to internal control compliance, financial statement audits and legal, information technology and other consulting services, which are engaged and managed through the corporate office. In addition, office and general expenses includes rental expense and depreciation of leasehold improvements for properties occupied by corporate office employees. A portion of centrally managed expenses are allocated to operating divisions based on a formula that uses the planned revenues of each of the operating units. Amounts allocated also include specific charges for information technology-related projects, which are allocated based on utilization.
Summarized financial information concerning our reportable segments is shown in the following table.
 
Years ended December 31,
 
2015
 
2014
 
2013
Revenue:
 
 
 
 
 
IAN
$
6,144.9

 
$
6,076.3

 
$
5,772.8

CMG
1,468.9

 
1,460.8

 
1,349.5

Total
$
7,613.8

 
$
7,537.1

 
$
7,122.3

 
 
 
 
 
 
Segment operating income (loss):
 
 
 
 
 
IAN
$
846.6

 
$
774.7

 
$
660.0

CMG
166.3

 
163.4

 
139.7

Corporate and other
(141.8
)
 
(149.5
)
 
(140.8
)
Total
871.1

 
788.6

 
658.9

 
 
 
 
 
 
Restructuring and other reorganization-related reversals (charges), net
0.8

 
(0.2
)
 
(60.6
)
Interest expense
(85.8
)
 
(84.9
)
 
(122.7
)
Interest income
22.8

 
27.4

 
24.7

Other expense, net
(46.7
)
 
(10.2
)
 
(32.3
)
Income before income taxes
$
762.2

 
$
720.7

 
$
468.0

 
 
 
 
 
 
Depreciation and amortization of fixed assets and intangible assets:
 
 
 
 
 
IAN
$
117.5

 
$
124.5

 
$
125.8

CMG
18.4

 
18.5

 
15.8

Corporate and other
21.1

 
20.0

 
15.8

Total
$
157.0

 
$
163.0

 
$
157.4

 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
IAN
$
117.5

 
$
92.0

 
$
108.9

CMG
12.7

 
11.7

 
18.6

Corporate and other
30.9

 
45.0

 
45.5

Total
$
161.1

 
$
148.7

 
$
173.0

 
 
 
 
 
 
 
December 31,
 
 
2015
 
2014
Total assets:
 
 
 
IAN
$
10,738.2

 
$
11,080.2

CMG
1,338.6

 
1,347.5

Corporate and other
508.3

 
308.9

Total
$
12,585.1

 
$
12,736.6

 
 
 
 
 


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